TDA Sabadell RMBS 5: 26 February 2025

A securitisation of first-ranking mortgage loans that Banco Sabadell SA has advanced to individuals backed by properties located in Spain.

The portfolio consists of 42,230 loans, where the average balance per borrower is Eur102,555 and the largest current loan is for Eur1.610mln, and all mortgage borrower payments in the pool are collected by Banco de Sabadell under a direct debit scheme. Interest rate type: fixed – 54.69%, variable – 43.74%. Some 97.87% of the portfolio is current or in arrears for less than 30 days.

The WA current LTV is 82.06% and the WA seasoning is 112.1 months. Regional concentration: Catalonia - 37.80%, Valencia - 17.86% and Madrid - 13.39%.

Compare/contrast: TDA Sabadell RMBS 4